DJI -152.68, -0.44%, closed at 34,447. CAT, BA, HD and AXP were the largest point decliners on Wednesday.
SPX -7.71, -0.18%, closed at 4,219.
TSLA -0.80%, channel bounce setup.
SPY = HBO setup.
Four of eleven sectors were higher on Wednesday, led by XLV, XLU and XLRE.
Health Care leaders: CTLT, REGN, BIIB, BMY
Utilities leaders: SRE, AEP, PPL, ES
SPY down .63 at 421.65, on 48.3 million shares, below average volume, down on slightly higher volume.
VIX up .82 at 17.89
MRK, JNJ, AMGN, IBM led the DJIA, 7 advancers, -6
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
Advancers were mixed on Wednesday as decliners led 1,753 to 1,575 on the NYSE and led 2,292 to 1,995 on the NASDAQ.
The SPY MFC green line is pointed up at 91.9 and is bullish. SPY is a horizontal BO setup.
Uptrend sectors: XLRE, XLC, XLF, XLE, XLI, XLP, XLB, XLK, XLY, XLV, XLU,
Down trend sectors:
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
47 of 100 NDX stocks closed higher on Wednesday.
57 NDX stocks are above their 30 DMA: CERN, ALXN, MDLZ, TMUS, SGEN, CSCO, PAYX, INTU, WDC, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, PCAR, DXCM, ADBE, BIIB, CHKP, DOCU, GILD, INCY, INTC, KLAC, LULU, MSFT, TEAM, ALGN, MAR, AAPL, AMZN, FOXA, ISRG, VRTX,
NDX Stocks to Watch on Thursday:
Moving Below 30 DMA = 9
CMCSA, CPRT, FAST, KHC, MNST, NTES, NXPI, PEP, QCOM,
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1 comment:
Interesting to see the MFC green line as high as it is, yet 57 of the NDX are above their 30 day moving average. That might actually speak to the rotation we’ve been seeing?
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